India’s ONGC sells 35,000 tonnes naphtha at $38/tonne premium

26 September 2012 10:27  [Source: ICIS news]

SINGAPORE (ICIS)--Indian state-owned refiner Oil and Natural Gas Corp (ONGC) has sold by tender a 35,000-tonne cargo of naphtha for mid-October loading from Hazira to Gunvor, traders said on Wednesday.

The cargo for loading on 16-17 October was done at a premium of around $38/tonne (€29/tonne) to Middle East quotes FOB (free on board), they said.

In its previous tender, ONGC sold 35,000 tonnes of naphtha for loading from Hazira on 3-4 October, to Total at a premium of $34.00/tonne to Middle East quotes FOB.

($1 = €0.77)

By: Felicia Loo

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